"There is no change in weekly withdrawal limits," cited RBI in a statement.

The Reserve Bank has also asked banks to ensure that disbursals of cash should predominantly be in the denomination of Rs 500.

In a surprise move to curb black money, corruption and terrorism, Prime Minister Narendra Modi on November 8 this year announced scrapping of old currency notes of Rs 500 and Rs 1,000 as legal tender from circulation resulting in cash crunch across the country.

The goverment had given 50-day window period for holders of old currency notes to deposit or exchange their old notes to banks and RBI offices which ended on December 30, Friday. It has later, however, withdrawn the notes exchange facility before the said deadlines.